DSG International is facing the prospect of being de-listed from the FTSE 100, after a string of profit warnings, sluggish sales and over anticipation of demand by the owner of some of the UK’s biggest retail brands in the UK, including Currys, PC World and Dixons.
The firm only last month admitted that it had over anticipated demand for laptops, as reported by PC Retail.
It also recently issued a profit warning after sales of Vista failed to perform as well as DSGi had hoped.
The firm, however, flatly denied that its imminent de-listing from the FTSE 100 had anything to do with Vista’s performance, saying it was due to multiple factors, including its recent overstocking of laptops and problems with its Italian operation.
The company’s shares, yesterday, slipped to 110.10 pence, down from 113.87 pence the previous closing. The reshuffle has been described by financial experts as the biggest since the dotcom bubble burst back in 2001.